Edison issues review on VinaCapital Vietnam Opp...

RNS Number : 9941A

VinaCapital Vietnam Opp. Fund Ltd

17 September 2018

 

London, UK, 17 September 2018

Edison issues review on VinaCapital Vietnam Opportunity Fund (VOF)

VinaCapital Vietnam Opportunity Fund (VOF) is one of the oldest and largest Vietnam specialist investment companies and is now a FTSE 250 index constituent. Investing across asset classes - listed and unlisted equity, private equity and real estate - VOF's approach is differentiated by its focus on private deal sourcing, where its investment team has extensive experience. In sterling terms, VOF's NAV total returns have been strong over the last three years. While lagging the Vietnamese stock market over one year, VOF's NAV held up well during the 2018 market correction. The US-China trade dispute has weighed on market sentiment, but the manager believes that fundamentals remain strong and the current market level presents an opportunity for investors taking a medium-term view.

VOF's share price discount to NAV reached 25.1% in June 2018, but has narrowed to 19.1% currently, which compares to its 18.8%, 20.9%, 22.0% and 27.8% averages over one, three, five and 10 years, respectively. Having introduced a regular dividend in 2017, VOF's FY18 prospective c 2.4% yield is higher than the yields of the other three dividend-paying funds in its peer group.  

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